Legal & General Group Plc Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Legal & General Group Plc purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,822,164 shares of the company’s stock, valued at approximately $967,692,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MGO One Seven LLC grew its stake in TotalEnergies by 1.3% in the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in TotalEnergies by 2.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after buying an additional 150 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in TotalEnergies by 2.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after buying an additional 175 shares in the last quarter. OLD National Bancorp IN grew its stake in TotalEnergies by 2.5% in the 4th quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after buying an additional 176 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in TotalEnergies by 1.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 10,427 shares of the company’s stock worth $622,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.0%

NYSE:TTE opened at $91.59 on Monday. The company has a fifty day moving average of $89.97 and a 200 day moving average of $76.51. TotalEnergies SE Sponsored ADR has a 52 week low of $57.26 and a 52 week high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $219.59 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.25 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. On average, research analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTE. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Citigroup restated a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.